“It must be noted that these proceeds were used to settle the severance benefits of staff of the defunct PHCN as agreed by the federal government and labour.
“If then, the funds were diverted, how could this feat have been achieved?” The statement by Amina Tukur Othman said.
It called on all stakeholders and the general public to discountenance “the smear reports against the BPE as we are prepared to at all times, as a responsible parastatal of the federal government, charged with reforms, privatisation, concession and commercialisation, to carry out our mandate responsibly and with integrity.’’
TODAY
December 23, 2020
The Bureau of Public Enterprises (BPE) has refuted reports that it diverted N14 billion from the proceeds of the privatisation of the defunct Power Holding Company of Nigeria (PHCN).
According to a statement by the Head, Public Communications of the agency, Amina Othman, the funds generated from the privatisation exercise of the power sector was used to settle staff liabilities of PHCN.
BPE was reacting to media reports alleging the diversion of the N14 billion.
It said, “Truth of the matter is that BPE did not and has not diverted proceeds of the PHCN privatisation as all the proceeds were paid in to the Privatisation Proceed Account domiciled with the Central Bank of Nigeria (CBN).
By Ndubuisi Francis
The Bureau of Public Enterprises (BPE) has debunked reports that it diverted N14 billion sales proceeds of the defunct Power Holding Company of Nigeria (PHCN) into private banks.
The privatisation agency said the question of diversion did not arise as all the proceeds were paid into the Privatisation Proceed Account domiciled with the Central Bank of Nigeria (CBN).
The Bureau in a statement said: “The truth of the matter is that the BPE did not and has not diverted proceeds of the PHCN privatisation as all the proceeds were paid into the Privatisation Proceed Account domiciled with the Central Bank of Nigeria (CBN).
TODAY
December 23, 2020
The Bureau of Public Enterprises (BPE) has debunked reports that it diverted N14 billion sales proceeds of the defunct Power Holding Company of Nigeria (PHCN) into private banks.
The privatisation agency said the question of diversion did not arise as all the proceeds were paid into the Privatisation Proceed Account domiciled with the Central Bank of Nigeria (CBN).
The Bureau in a statement said: “The truth of the matter is that the BPE did not and has not diverted proceeds of the PHCN privatisation as all the proceeds were paid into the Privatisation Proceed Account domiciled with the Central Bank of Nigeria (CBN).
N14 billion PHCN privatisation proceeds not diverted BPE
On
By Emma Ujah, Abuja
The Bureau of Public Enterprises (BPE) has refuted reports that it diverted N14 billion from the proceeds of the privatisation of the defunct Power Holding Company of Nigeria (PHCN).
According to a statement by the Head, Public Communications of the agency, Amina Othman, the funds generated from the privatisation exercise of the power sector was used to settle staff liabilities of PHCN.
BPE was reacting to media reports alleging the diversion of the N14 billion.
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It said, “Truth of the matter is that BPE did not and has not diverted proceeds of the PHCN privatisation as all the proceeds were paid in to the Privatisation Proceed Account domiciled with the Central Bank of Nigeria (CBN).